【Sideways Pain: Big Coin Plays Fake Breakout, Last Induction Before the Waterfall】
$BTC Five-minute chart stuck between 94200-95800 playing "elevator fluctuations", current price 94848 stuck tightly between MA5 and MA10, the early morning volume spike bearish candle smashed down to 94200 and then laid flat, total volume shrank over 30%. The market maker has compressed the Bollinger Bands to the thickness of chives, the 7-day and 30-day lines are twisted into a dead knot, this trend will either explode up 800 points to break 96000, or directly smash through the iron bottom of 93000.
Technical Deadlock: Boiling Frog
The five-minute MACD fast and slow lines are lying dead underwater, the green bars shortening like a flash of light. The J value of KDJ just hooked to 20 before being slapped back to 15, three small bullish candles on the hourly chart with a stepwise shrinking volume, a typical downward continuation "fishing line". The price is stuck between the weekly MA5 and monthly support, three waves of false breakdowns below 94500 have been pulled back, but the rebound high points have been pressed down from 95300 to 95000, the market maker's control is more obvious than lice on a bald head.
Bearish Three Knives Stabbing the Heart
The US SEC raided three market makers of Coinbase, over 180 million long orders buried overnight with grayscale ETF experiencing a net outflow for 62 hours, today another 85 million dollars on-chain alarm: a giant whale that hasn't moved in three years transferred 3200 big coins to OKX.
The Nasdaq index broke below the iron bottom of 18000 points, the VIX fear index soared 15%, and Big Coin's tendency to fall without rising is acting up again. The perpetual fee rate on exchanges dropped to -0.028%, the market maker clearly wants to explode the long positions.
Breaking the Deadlock for Survival:
Those trapped!! Focus on 93500 weekly life and death line, if the entity breaks below it, cut losses immediately without hesitation. Bottom fishing must wait for the five-minute chart to stabilize above 95800 and break the triangle area with volume, do not exceed 15% position. Entering contracts now is equivalent to giving the market maker an annual fee, the current volatility is only 0.13% (120 points), the range just fits a 50x leverage. Grid orders are narrowed to the range of 94600-95100, set a stop loss at 3% without being soft-hearted.
On-chain data reveals the truth: whales holding over 1000 coins have reduced their holdings by 12% this week, smart money has already taken the bucket and run.
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